Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
Stifel to acquire Ziegler Lotsoff Capital Management
St. Louis, Mo.-based Stifel Financial Corp. announced it has entered into an agreement to acquire Ziegler Lotsoff Capital Management LLC (ZLCM), an asset management business with offices in downtown Milwaukee and Chicago.
U.S. Bancorp reports stable earnings
U.S. Bancorp, the Minneapolis-based parent company of U.S. Bank, today reported third quarter net income of $1.5 billion, or 76 cents per share, comparable to $1.5 billion, or 74 cents per share, in the same period a year ago.
PNC Bank reports slight slip in earnings
The PNC Financial Services Group Inc., the Pittsburgh-based parent company of PNC Bank, today reported third quarter net income of $1.0 billion, or $1.79 per share, compared with net income of $1.1 billion, or $1.99 per share, for the same period a year ago.
Northern Trust reports robust quarter
Northern Trust Corp., the Chicago-based parent company of Northern Trust Bank, today reported third quarter net income of $206.5 million, or 84 cents per share, up from $178.8 million, or 73 cents per share, in the same period a year ago.
Stock market rallies as Congress gets close to agreement
The U.S. stock market soared today as investors welcomed the news that leaders in the U.S. Senate are close to a bipartisan agreement that will end the shutdown of the federal government and raise the national debt ceiling.
Milwaukee Biz Blog: Wisconsin muddles through federal shutdown
Compared with most states, Wisconsin is not feeling much of the direct impact of the partial federal government shutdown.
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BizTimes Money Weekly: Equipment financing spikes at U.S. Bank
Southeastern Wisconsin business owners have regained some confidence in buying new equipment, according to U.S. Bank.
BizTimes Morning Headlines: State ends fiscal year with nearly $760 million surplus
The state had a nearly $760 million surplus as the end of the fiscal year, the Wisconsin Department of Administration announced Monday.
Forecasters predict recession if Congress defaults on debt
If Congress fails to raise the federal debt ceiling and defaults on the nation's debt, the U.S. economy would be at risk of recession and the stock market would be at risk of a severe downturn, according to most of the economic forecasters surveyed by BizTimes last week.
QuadMed acquires Indianapolis company
Sussex-based QuadMed LLC has entered into a definitive agreement to acquire Novia CareClinics LLC of Indianapolis in a merger of two innovators in employer-sponsored health care management solutions and on-site primary care.
